Not surprisingly, area MPP Laurie Scott is lauding her government’s decision to cut taxes for low-income workers.
Announced by Finance Minister Vic Fedeli on Thursday (Nov. 15), the Low-income Individuals and Families Tax (LIFT) credit will provide minimum-wage workers up to $850 in Ontario Personal Income Tax relief and couples up to $1,700.
“This tax break will make a real difference for low-income families and workers in Haliburton-Kawartha Lakes-Brock,” Scott said in a media release.
“It will put more money in their pockets and help make life more affordable.”
The move comes little more than a month after the Conservative government announced that it was halting the planned minimum wage increase to $15 that was slated to come into effect in the new year.
Scott’s press release states that more than a million people in Ontario will benefit from this tax relief measure. Individual incomes just over $30,000 a year and family incomes over $60,000 a year will see graduated tax relief, as well.
“I am pleased to see that every single dollar of these savings is going to those who need it the most,” added MPP Scott.
The tax credit will take effect on Jan. 1, 2019.